Ethereum’s LDO Shows Potential for Rebound – Is a 100% Pump On the Horizon?

Lido DAO (LDO) charts have signaled a potential bullish shift after months of downtrend, suggesting a possible rebound. Crypto expert Ali highlights this on X with a rare TD Sequential “9” buy signal, indicating easing selling pressure. While the price currently hovers around $0.70 after a significant fall from above $2.80, a new support level at $0.65 provides some optimism for traders. This recent development has sparked discussions in trading circles as Ali’s tweet notes LDO’s “poised for a rebound.” However, the signal needs to be confirmed with buyers displaying stronger commitment before confirming a breakout.